Short Interest in Jeffs’ Brands Ltd (NASDAQ:JFBR) Increases By 1,566.7%

Jeffs’ Brands Ltd (NASDAQ:JFBR) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,590,000 shares, a growth of 1,566.7% from the October 15th total of 95,400 shares. Approximately 23.8% of the company’s shares are short sold. Based on an average daily volume of 2,510,000 shares, the days-to-cover ratio is currently 0.6 days.

Jeffs’ Brands Trading Down 0.2 %

NASDAQ JFBR traded down $0.00 during trading on Tuesday, reaching $0.32. 315,917 shares of the company’s stock were exchanged, compared to its average volume of 1,851,876. The company’s fifty day simple moving average is $0.27 and its 200-day simple moving average is $0.28. Jeffs’ Brands has a fifty-two week low of $0.17 and a fifty-two week high of $5.29.

Insider Transactions at Jeffs’ Brands

In other Jeffs’ Brands news, major shareholder Jeffrey J. Conroy purchased 1,101,890 shares of Jeffs’ Brands stock in a transaction on Monday, September 23rd. The shares were purchased at an average cost of $0.36 per share, with a total value of $396,680.40. Following the completion of the transaction, the insider now directly owns 2,432,000 shares in the company, valued at approximately $875,520. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Jeffrey J. Conroy bought 1,101,890 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was bought at an average price of $0.36 per share, for a total transaction of $396,680.40. Following the transaction, the insider now owns 2,432,000 shares in the company, valued at $875,520. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Jeffrey J. Conroy bought 126,040 shares of the business’s stock in a transaction on Monday, September 30th. The stock was bought at an average price of $0.27 per share, for a total transaction of $34,030.80. Following the completion of the purchase, the insider now directly owns 1,634,000 shares of the company’s stock, valued at $441,180. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 2,017,674 shares of company stock worth $634,423 over the last quarter. 51.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jeffs’ Brands stock. Anson Funds Management LP acquired a new stake in Jeffs’ Brands Ltd (NASDAQ:JFBR) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned approximately 10.20% of Jeffs’ Brands as of its most recent filing with the SEC. Institutional investors own 38.85% of the company’s stock.

Jeffs’ Brands Company Profile

Jeffs’ Brands Ltd, together with its subsidiaries, operates as an e-commerce company. It engages in the sale of various consumer products on Amazon online marketplace. The company offers knife-sharpening sets, sharpeners, and nonslip rubber bases under the KnifePlanet brand; steel and soft-tip dart sets under the CC-Exquisite brand; car door and sets protectors for pets under the PetEvo brand; and bag sets and party supply kits for children under the Whoobli brand.